Explain why the change in accounts payable

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Reference no: EM132758155

Question: The financial statements of P&G Specimen Financial Statements:

The Proctor & Gamble Company . The company's complete the annual report, including the notes to the financial statements, is available online.

Instructions: Refer to P&G's financial statements to answer the following questions.

- What alternative formats could P&G have adopted for its balance sheet? Which format did it adopt?

- Identify the various techniques of disclosure P&G might have used to disclose additional pertinent financial information. Which technique does it use in its financials?

- In what classifications are P&G's investments reported? What valuation basis does P&G use to report its investments? How much working capital did P&G have on June 30, 2017? On June 30, 2016?

- What were P&G's cash flows from its operating activities, investing, and financing activities for 2017? What were its trends in net cash provided by operating activities over the period 2015-2017? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities.

- Compute P&G's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2017. What do these ratios indicate about P&G's financial condition?

Reference no: EM132758155

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